Prentice-Hall Tax Service for 1919 (Classic Reprint)Excerpt from Prentice-Hall Tax Service for 1919 This allowance is not based upon the difference between the actual war cost of such facilities and what they would have cost at pre-war prices. Obviously the taxpayer is not entitled to recover or extinguish through amortization more than the difference between the war cost of such property and what he can sell the property for after the war, or if he continues to need and use it in his business, what it would have cost him after the war. As the rule is expressed in Article 183 of the Regulations: The total amount to be extinguished by amortization, in general, is the excess of the unextinguished or unrecovered cost of the property over its maximum value (either for sale or for use as part of the plant or equipment of a going business) under stable post war. Conditions.' About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. |
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... poration . The person desiring to inspect such return shall make application in writing , to the Secretary of the Treasury , setting forth the reasons why he should be permitted to make such inspection , and shall attach to his ...
... poration has kept its books on the basis of a fiscal year ending April 30 , but has filed its last return for the calendar year 1917 , it must now file a return for the fiscal year from May 1 , 1917 , to April 30 , 1918. The tax will be ...
... poration may change during the course of the taxable year does not take a corporation which is normally in the personal service class out of that class . Frequent changes in the own- ership of any substantial interest or number of ...
... poration engaged in an agency , brokerage , or commission busi- ness regularly employs a substantial amount of capital to lend to principals , to buy and carry goods on its own account , or to buy and carry odd lots in order that it may ...
... poration or other corporations , or where the stock of two or more corporations is owned by the same interests , a situation results which is closely analogous to that of a business main- taining one or more branch establishments . In ...